This Is Anticipated to Drive American Tower’s Domestic Market
American Tower (AMT) generates ~55% of its revenue from the US market. In the last reported quarter, its US property revenue grew 4.4% YoY (year-over-year), while its organic tenant revenue grew 6.3% YoY. Accelerated 5G (fifth-generation) deployment by domestic wireless network carriers and the mobile industry’s continuous evolution are expected to further drive demand for communication sites and towers, boosting American Tower’s US property revenue.